Local investor sentiment remains high in Singapore: Survey

Investors in Singapore are betting that the red-hot stock market will keep rising but they believe that prospects for the property market have dimmed, a new survey noted.

It found that overall investor sentiment, which has been positive for the past 18 months, rose another 5 percent in the three months to Sept. 30, compared with the previous quarter, local daily The Straits Times reported on Wednesday.

About two-thirds of respondents here said their investments had bought in positive returns while around 63 percent expect a higher return in the next three months.

Such a positive outlook has been fueled mainly by the burgeoning stock market, which recently hit a 29-month high.

About 52 percent of respondents in the survey believed their share investments will rise, compared with 46 percent three months ago.

The poll was done by financial services firm ING Group, polling 3,755 investors across 12 Asia Pacific countries and territories, including China and Singapore.

Source:Xinhua